Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Bitcoin spot ETF saw a net outflow of $161 million yesterday, while BlackRock IBIT continues to attract funds.
【Chain Wen】New developments in the capital flow of Bitcoin spot ETFs. Yesterday, Eastern Time in the US, these ETFs experienced a total net outflow of $161 million—sounds like a lot.
BlackRock’s IBIT, however, defied the trend and attracted funds, with a single-day net inflow of $32.7631 million, bringing the total net inflow to $62.665 billion. The appeal of this giant remains strong. In contrast, Fidelity’s FBTC had a single-day net outflow of $170 million yesterday, although its total net inflow historically reached $12.193 billion, recent fund movements have clearly adjusted.
Overall, the total net asset value of spot ETFs has reached $111.041 billion, accounting for 6.58% of Bitcoin’s total market capitalization. What does this mean? It indicates that institutional funds’ influence in this market can no longer be ignored. The historical total net inflow of $57.565 billion reflects a gradual increase in traditional finance’s recognition of digital assets. Subtle changes in capital flow often signal a shift in market sentiment.